BACKDOC: ALONG WITH INDEPENDENCE ONE WOULD THINK FAILURE IS AN OPTION THEN EVEN IF ITS JUST FUNCTIONAL IN NATURE! MMMM

THIS MAY BE A SLOW AGONIZING TRANSITION WHICH ERODES VALUE! SLAP! STAY SECURITIZED DOC

I WILL AND BY THE WAY I WILL GET DIGITAL, DIGITAL, I WANNA GET DIGITAL......DOC IMO

9Thomas: Backdoc, Would you explain what you mean by : Quote: "I WILL AND BY THE WAY I WILL GET DIGITAL, DIGITAL, I WANNA GET DIGITAL......"

BACKDOC: ALL THE ASSET BACKED CURRENCIES WILL BE DIGITAL!

IRAQ MAY EVEN WITHHOLD THEIR PAPER CURRENCY UNTIL JANUARY! JUST MY OPINION! THEY MAY RELEASE COINS BECAUSE THEY HAVE INTRINSIC VALUE AND ARE MOSTLY UNLOVED BY IRAQIS.

THEY WANT TO PROMOTE THE DIGITAL BANKING PROCESS! DOC IMO
....

Thunderhawk: Draghi defends ECB independence

he European Central Bank president has launched a robust defense of the institution’s independence after criticism from Germany that rock-bottom euro interest rates are hurting savers and fuelling rightwing nationalism.

Mario Draghi used his latest press conference on Thursday to counter an attack from Germany’s finance minister, Wolfgang Schäeuble, who had said record low rates were causing ‘extraordinary problems’ for German banks and pensioners and risked fuelling the rise of Eurosceptics in Germany, the Guardian reported.

After leaving eurozone interest rates at zero at the ECB’s latest meeting, Draghi sought to stress loose policy was needed to get inflation back to the central bank’s target of ‘below but close to’ two percent. For now inflation remains well short of that and could turn negative again in coming months, he added.

Draghi warned that those who threatened ECB independence with ‘criticisms of a certain type’ were making Europe’s economic problems worse.

“We have a mandate to pursue price stability for the whole of the eurozone not only for Germany,” he said. “We obey the law, not the politicians, because we are independent as stated by the law.”

Angela Merkel countered that it was legitimate for Germans to discuss how far interest rates had fallen, but “that shouldn’t be confused with interference in the independent policy of the ECB, which I support”.

“The ECB is independent in its policies,” the German chancellor told reporters while on a visit to the Netherlands.

Draghi said a range of initiatives announced in March would need time to bear fruit but he insisted the bank’s stance was working. In last month’s unprecedented package of growth-bolstering measures, the ECB cut interest rates to an all-time low, expanded its money-printing program and reduced a key bank deposit rate further into negative territory.

BACKDOC: COULD THIS BE WHAT THEY WERE NEGOTIATING ON THE 14TH AND 15TH IN THE IMF MEETINGS?

AFTER THAT IS WHEN IRAN HAD A STATUS CHANGE AND IT WAS ALSO REPORTED THAT ABOUT HALF OF THE OIL SALES WOULD BE IN DOLLARS!

I GUESS THE "MAN FERRY" BETTER SPRINKLE SOME MORE DUST ON IRAN SO AMERICAN BUSINESS CAN ALSO PLAY THE GAME! DOC IMO

Thunderhawk: Kerry: US not against foreign banks dealing with Iran

The United States is not opposed to foreign banks doing business with Iran in line with the terms of last year's historic nuclear deal between Tehran and world powers, US Secretary of State John Kerry said on Friday.

"The United States is not standing in the way, and will not stand in the way, of business that is permitted in Iran since the (nuclear deal) took effect," Kerry told reporters before meeting with Iranian Foreign Minister Mohammad Javad Zarif, Reuters reported.

Kerry said he was trying to clear up uncertainty in the business community outside the United States about investing in Iran. The Iranian government has complained about not getting the full economic fruits of the July 14, 2015 nuclear deal.

"There are now opportunities for foreign banks to do business with Iran," Kerry said in New York, where he attended a UN signing ceremony for the Paris climate accord.
"Unfortunately there seems to be some confusion among some foreign banks and we want to try and clarify that."

The only exceptions, he added, would be banks and companies blacklisted by US authorities.

Mountainman: Well IRAN.....Slipping Some INSIDER Knowledge eh.....???....After {ALL} these G 20 Meetings/IMF etc....The ROAD AHEAD IS PAVED W/OIL.....and By JUNE/JULY their Will be SIGNIFICANT REALITIES for MANY to BANK On.....LOL....IMO
Blessings,Mountainman (8)=New Beginnings........FOR OIL Too.....IMO

Thunderhawk: Official: New oil contracts model approved

Head of Iran's oil contracts committee said the government had approved the model for new contracts but it was still being processed by a commission.
Asked when the final draft of the contract will be ready for presentation, Mehdi Hosseini responded that the committee he chairs was hoping for June or July, Reuters reported.

"We are doing our best to do something in June or July," he said, adding that the Iranian government had approved the model for the new contract.

Hosseini later told reporters that bidding and negotiations for Iran's oilfields will start in June or July.

"The fields that will come for bidding are mostly big fields," he said, adding that some common fields it shares with other countries would also be open to bidding.

"Bidding will begin in late June or early July," Hosseini said.

He added that the National Iranian Oil Company may also conduct negotiations for some individual projects.

He invited international oil companies to start sending their interests on potential projects.

Iran hopes to attract international oil companies to invest in its oil sector and boost production with the new contracts.

International benchmark Brent crude futures LCOc1 were trading at $44.98 per barrel at 0418 GMT, up 45 cents or one percent from their last settlement, Reuters reported.

US West Texas Intermediate (WTI) crude was up 50 cents or 1.2 percent at $43.68 a barrel.

Brent has risen about 4.5 percent so far this week and WTI eight percent, putting the contracts on track for a solid price rally. Crude is up by more than two-thirds since its 2016 lows between January and February.

Traders said that sentiment in the entire commodity complex had turned more confident, with new cash being put into the market by investors, lifting prices.

Another factor has been producers taking advantage of higher prices by locking in production.

"We would expect producers in the US taking every opportunity to aggressively hedge as soon as there is opportunity when oil prices recover for short periods of time," French investment bank Natixis said.

Falling output, especially in the United States, where many producers are shutting down following an up to 70 percent price rout since 2014, is also helping to lift the market.

Natixis said it expected US oil production to drop by at least 500,000 to 600,000 barrels per day (bpd) this year, compared with 2015, and by another 500,000 bpd in 2017.

Despite the recent rally, oil markets remain oversupplied as between one and two million barrels of crude are being pumped out of the ground every day in excess of demand, leaving storage tanks around the world filled to the brim with unsold fuel.

"The energy complex remains volatile ahead of the first quarter of 2016 reporting period which will likely be worse than what we thought was already an ugly fourth quarter 2015," US investment bank Jefferies said.

Mountainman: As The NEW REALITY gets CLOSER and More {TRANSPARENT} More FLEXING and PRESSING will Result in CHANNELS of IRAN'S Banking w/Other COUNTRIES like S.AFRICA and More.....says J.Kerry....WHY NOW....JOHN.....Inquiring {MINDS} Want to KNOW.......LOL.....And YES we KNOW WHO Joins You In the NEAR TERM.......Hello......IRAQ.....How You Doin BABY....???

Things are LOOKING (FULL) of NEW LIFE.....Yup.....FRANK 26 said So....YES INDEED.....IMO

Thunderhawk: Tehran, April 24, IRNA – Governor of the Central Bank of Iran Valiollah Seif said on Sunday that there is no restrictions for Iran's international banking activities, except for the US banks.

Seif made the remarks in a meeting with South African Minister of Finance, Pravin Gordhan.
The CBI governor said that the Iran-G5+1 accord has lifted all sanctions related to Iran's nuclear program but the former sanctions prior to the nuclear dispute are still remaining which have nothing to do with the nuclear talks.

He said that Iran and South Africa have satisfactory banking relations and that under sanctions, there were rupture in bilateral relations which the two sides should strive for better times due to resolution of the dispute and the sanctions were lifted.

'Iran is the hub the region and that provides us with abundant opportunitie

Mountainman: Well EVERYONE Knows.....ONE DOLLAR can Only {INFLATE} So HIGH in A FIAT Before the "DAM" Blows the TIRES Off it's AXELS........In Other Words.....You Can't FLOAT a CAR that is NOT made for these NEW Waters....

A BRIDGE {Must} be Built and It's ASSETS will have {ONE} Covered Down the Road......(WHAT) Goes UP...MUST Go DOWN......Before It GOES Back Up.....

As MARKETS are Catching On.....Well.....Let's Just Say......It's About to Roll Over to A Ditch.....The DOLLAR.....that Is......IMO Blessings,Mountainman (8)=New
Beginnings....For A FUTURE NEW VALUED DOLLAR.....

Thunderhawk: US Dollar Set to Slide Steadily for First Time Since July 2014

Currency investors and money managers have started exiting the US dollar for the first time since mid-2014 as neither the US economy, nor central bank policy, nor corporate earnings have provided any evidence that buying into the greenback will be profitable anytime soon.

As US corporate quarterly earnings figures have proven to be a disappointment for a third consecutive quarter, and macroeconomic data indicate the broader economy is increasingly exposed to the risk of recession, US hedge funds’ bearish bets on the greenback are outweighing bullish positions for the first time since July 2014.

Investors are exiting the US currency for one more reason: the Federal Reserve’s dovishness on policy, stemming from the weak performance of the economy, with the Fed’s April policy meeting likely to end with interest rates unchanged. Subsequently, the dollar’s weakness opens opportunities for US enterprises to regain some of their international competitiveness, which they lost to the greenback’s rally in the last 18 months, while pushing oil and commodity prices higher, to the relief of select emerging markets.

The number of US hedge funds' selling positions on the dollar surpassed buying ones by a total of 21,567 contracts in mid-April, according to data provided by the Commodity Futures Trading Commission. The greenback is thus poised to slide against its eight major peers for the first time since July 2014, easing the currently rife imbalances in international trade, relieving emerging markets somewhat, and exacerbating disinflationary pressures for Japan, where the yen’s strength is hitting exporters’ competitiveness.

Dollar bulls amongst hedge funds ruled supreme between November 2014, when the collapse in oil prices accelerated amidst the boom in US shale crude output, and December 2015, when the US Federal Reserve hiked their base borrowing costs from 0-0.25% to 0.25-0.5%.

At those moments, bullish bets exceeded selling positions by 400,000 contracts, but the high-yielding bond market crash in December, and capital wipeout from stock markets in January, followed by lackluster corporate earnings reports, weak macro data and broader recession speculation, have dramatically cooled demand for the dollar ever since.

While the Federal Reserve is poised to leave rates unchanged, and mainland China’s monetary authorities have abstained from major easing measures, resulting in a steadier FX rate for the renminbi, buying into the US dollar in no longer as profitable as it was throughout 2014-2015.

The European Central Bank’s massive stimulus, enacted in 2014, had also rendered the dollar stronger, with the US currency having rallied by 20% between mid-2014 and early 2016. However, as monetary easing policies have all but worn out throughout the world, and there is no sign of tightening policies in the US anytime soon, the dollar is sliding.

“If the Fed is talking about raising interest rates, that puts upward pressure on the dollar,” Jonathan Beinner, international bond trading expert, said. “That feeds back into weakening growth. There’s this negative feedback loop and it’s definitely pointing to a much, much slower tightening cycle in the U.S."

The dollar has declined by 3.6% against its ten major counterparts this year thus far, according to the Bloomberg Dollar Spot Index.

Meanwhile, there is hardly an upside to the broader situation in the US economy, which could have resulted in a new dollar rally. The Q1 earnings of such majors as Alphabet (Google’s owner), Microsoft, and Caterpillar turned out to be a sheer disappointment, and the decline in profits reflected negatively on Wall Street’s performance. Amidst investor anxiety, capital inflow into the real economy is also drying out, rendering US growth slower, while the economy is already balancing on the edge of a recession.

Q1 GDP growth is estimated at 0.2% in Q1 compared to 1.4% in Q4 and an average 2.2% throughout 2015.

"There’s no clear driver that I can see that is going to ignite growth in the real economy. We continue to limp along," Kim Forrest of Pittsburgh, PA-based Fort Pitt Capital Group said.
Subsequently, as the dollar is set for further declines, the situation in international trade might gradually roll back to its pre-2014 balance in currency and commodity value.

The weaker the dollar, the better the earnings of US-based multinationals, spurring demand for goods and services throughout the globe. However, as many central banks have massively devalued their currencies since mid-2014, the current trade imbalances would be hard to overcome quickly.

“It is central-bank ping pong,” Russ Certo of New York-based Brean Capital said. “They smash it over the net, weaken their currency, and then wait for the next turn."

Given European Central Bank (ECB) Governing Council member Ewald Nowotny's statement on Friday that negative rates remain vital for fighting disinflation, and the Bank of Japan (BoJ)'s commitment to expand its own negative rates regime, further slides in the euro and the yen are likely. With the dollar weakening as well, investors might consider the higher-yielding emerging markets, particularly if commodity prices rebound.

A new era begins between Iran and Turkey, which both obtained very fruitful outcomes following the official meeting of Turkish leaders with Iranian President Rouhani in the wake of the OIC summit.

During the 13th OIC assembly held in Istanbul, President Erdogan promoted the message of the unity of Islamic countries regardless of any sect.

Even though many cultural and political organizations, one of which is the OIC, have been ineffective in bringing forth any solid and significant results up until now, it does not mean that they never will. Since the Islamic world is suffering like it has never experienced before, it would be a grave mistake to simply sit back and watch and do nothing if we are not directly affected. It is not only a shame for humanity but completely against the moral values of the Qur’an.

The primary cause for similar institutions’ or organizations’ lack of success is the lack of unity based on a strong foundation. Similarly, the reason for the failure of the OIC up until now is the absence of a union based on the morality of the Qur’an. We all know for a fact that the Islamic world is badly fragmented and burning with the fires of war as a result.

By pointing out the importance of this matter, President Erdogan stated the situation of Muslims all over the world thusly: “From all corners of the world rise the cries of the downtrodden and the innocent. A great majority of these cries are of Muslims. Turning their faces to Istanbul, the Islamic world is now awaiting the decisions this summit will issue. The major problems that we must overcome as Muslims are the seditions of sectarianism and racism.

Vietnam has maintained macroeconomic stability, recorded good economic growth, and curbed inflation at a low level, creating a foundation for stronger development in the near future, the International Monetary Fund (IMF) evaluated. Read More at:

Vietnam and Russia signed an inter-governmental agreement on further geological survey and oil and gas exploitation in Russia within the framework of the Vietnam-Russia oil and gas joint venture Rusvietpetro at a ceremony in Hanoi on April 20. Read more at:

BACKDOC: MORE CONFIRMATION THAT ANOTHER TRIANGLE IS DEVELOPING! THE UK, CHINA, AND SAUDI ARABIA! THUNDER WANTS ME TO CALL THIS ONE THE PLATINUM TRIANGLE! HEE HEE
Thunderhawk: Post-Brexit UK-US trade deal could take a decade, Obama tells BBC

A trade deal between Britain and the United States could take five to 10 years to negotiate if Britain votes to leave the European Union at a June 23 referendum, US President Barack Obama told the BBC in an interview broadcast on April 24.

"It could be five years from now, 10 years from now before we're actually able to get something done," Obama told the British broadcaster in an excerpt posted online.

Obama, who is in the last nine months of his presidential term, has spent the last three days in London urging Britons to remain part of the EU as a divided British public prepares to vote on whether to remain a member of the 28-country bloc.

He told the BBC that Britain would not get preferential treatment over the EU when it came to negotiating a new trade deal.

"The UK would not be able negotiate something with the United States faster than the EU," Obama said. "We wouldn't abandon our efforts to negotiate a trade deal with our largest trading partner, the European market."

Obama's visit and decision to intervene in the EU debate has angered the Eurosceptic "Out" campaign, which has repeatedly argued that Britain could easily negotiate deals and get better terms outside the EU.

AND NOW WE SEE HER PRAISING THEM FOR THE POLICIES THEY IMPLEMENTED! WOW! SLAP! DOC!

OK, PULL YOURSELF TOGETHER! OK, I'M OK NOW! GOOD!

WELL, I SUSPECT THIS WILL BE A BUSY WEEK FOR THE EAST TO WEST! HEE HEE DOC IMO

Mountainman: For ANYONE......Individual or BUSINESS=A COUNTRY......EXPERTS and OBEDIENCE is Essential for SUCCESS and PROFIT......And W/Out A VISION the PEOPLE are Cast Off.......therefore A LONG TERM Perspective HELPS Balance the Rolling TIDES of GLOBAL Change As Well......VIETNAM/IMF.......Growing Up TOGETHER......IMO

Thunderhawk: IMF experts hail Vietnam’s economic changes

A delegation of experts from the International Monetary Fund (IMF) led by Mr John Nelmes is on a working visit to Vietnam.

At a reception for the IMF delegation, Chairman of the Party Central Committee's Commission for Economic Affairs Nguyen Van Binh briefed them on Vietnam’s development plans towards 2020, which will focus on fine-tuning institutions, stabilizing the macro-economy, controlling inflation, reforming fiscal policies and businesses, and equitizing state-owned enterprises.

Binh glowingly spoke of the practical and efficient cooperation between Vietnam and the IMF, especially in policy consultation for banking and finance.

He briefed the guests on Vietnam’s socio-economic development directions and tasks for 2016-2020 adopted at the 12 th National Party Congress.

Please will someone tell me why I should exchange my Dinar currency For a viat dollar that is going to collapse?Should I hold the Dinar until there is a new U.S.A. currency that is asset backed?Thank you.

Reply

jane scotter

4/25/2016 11:20:16 pm

IMO, you should exchange your Dinar for the current dollar, then take that and buy gold with it.